By the Volume

Below is another example why volume is important to watch.
Watching both the 1hour and the 1minute timeframes gave this view last Thursday 10-4-07, prior to the pop. Notice how the intraday volume steadily rose, while price consolidated. Then turning to the 1hour time frame shows the price forming a declining pennant or wedge while creating divergence in the indicators. This combination provided higher odds for a move up on Friday.

Follow the leader

A tip off that the price was moving higher intraday today-usually volume.
Below is a 1-minute chart of the YMZ07 (Dow emini futures).
Note the horizontal level from the preceding peak to the peak highlighted
in the oval. Volume was breaking out prior to price, which on a strong day
was a leading indicator of price movement.

Chinese takeout

Below is a daily chart of CHCG.
Notice the ovals in white in the price pane show previous areas of price congestion which act as support, or in this case resistance. Also notice the fibbonacci levels which fall near this
price congestion. At the bottom is a display of the OnBalanceVolume calculated as up-volume minus down-volume. The current on balance volume is rising but at a slower
rate than price. Notice the August OBV levels are higher than the current levels but the current price has surpassed the August price suggesting that volume is not rising at the same rate as price.